Commercial > Retail
Sold
08/26/2014
Sold Price
$7,625,000$55/ft²
2016 Michigan Ave
Chicago, IL 60616
- -Bed
- -Bath
- 139,900ft²Living Area
- 8,208ft²Lot Size
- -Pool
- -Car
- 1951Year Built
- -DOM
- 6Permits
2016 Michigan Ave, Chicago, IL 60616 is a 139,900 ft² commercial retail property property built in 1951 on a 0.188 acre lot with 6 construction permits. This commercial retail property is currently off market, and it was last sold in 2014 for $7,625,000.
Permits
2016 Michigan Ave has 6 permit records of total value of $124,824.
Permit History
6
Permits
$124,824
Total Permit Value
March 23, 2019
Description: Install led illuminated cabinet sign with routed/push thru letters and led illuminated channel letters mounted to front. Sign mounted directly on east wall surface facing s michigan aveJob Value: $5,000Status: issuedType: SignsBusiness Name: Real Neon INCFees: $300Effective Date: 2019-03-23Permit Number: 100773139
December 3, 2018
Description: Revision to permit #100792288 change HVAC to therma-pol incJob Value: $1Status: issuedType: Easy permit processBusiness Name: Thermo POL INC; Windy City RE LLCApplicant: Milan RubesteinFees: $150Effective Date: 2018-12-03Permit Number: 100795757
November 12, 2018
Description: Interior build-out to existing vanilla box in type 1a construction building. Proposed occupancy c-2 (small assembly). New interior partitions and toilets for boys and girls. New plumbing electric and HVAC systems throughout. Building footprint will remain as is no exterior work. Work to be completeed in unit #2028 onlyJob Value: $65,000Status: issuedType: Renovation/alterationBusiness Name: Five Star Heating & Cooling; Hodgson Daniel LEE; P&W Plumbing INC; VIP Tech Electric INCApplicant: Milan RubensteinFees: $2,539Effective Date: 2018-11-12Permit Number: 100792288
October 10, 2018
Description: Installation of low voltage burglar alarm interior work only # 4027-45840 job # 97604852Job Value: $323Status: issuedType: Electric wiringBusiness Name: ADT LLCFees: $75Effective Date: 2018-10-10Permit Number: 100787035
June 8, 2018
Description: Install 200a electrical panel for dental officeJob Value: $4,500Status: issuedType: Electric wiringBusiness Name: SD ElectricFees: $75Effective Date: 2018-06-08Permit Number: 100766862
May 14, 2018
Description: Interior renovation on ground floor for new dental office in existing mixed use building as per plansJob Value: $50,000Status: issuedType: Renovation/alterationBusiness Name: Affordable Construction & Elec; Alliance Construction; Mechanical Plus Internatiional; Vari RonaldApplicant: Maximilian LLC, Championship Apartment, Windy City South LoFees: $926Effective Date: 2018-05-14Permit Number: 100758943
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$73,992.12From latest Total Assessed Value20.17%Total Assessed Value$366,858=Land+
Assessed Value$102,600Additions
Assessed Value$264,258
In 2021, taxes billed for 2016 Michigan Ave were $73,992.12, which is 20.17% from latest Total Assessed Value of $366,858.
Property History
2016 Michigan Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 2016 Michigan Ave
Hazard Risks
Tornado210Wind156Hail152Particulates135Weather108Ozone104Carb Mono102Air Pollution101Nat'l Avg100Lead54Earthquake45Hurricane14
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 2016 Michigan Ave.
Walkability Index
16 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
2016 Michigan Ave has a walkability score of 16 out of 20, which means that it is in a very walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
20°F
High
34°F
Summer
Average
Low
63°F
High
81°F
In the winter at 2016 Michigan Ave, temperatures range from 20.14°F to 34.14°F with an average of 27.14°F. In the summer, the temperature ranges from 62.66°F to 80.87°F with and average of 71.77°F.
School Information
Public/private schools serving 2016 Michigan Ave
Public Schools
Phillips Academy High School
Grades: 9-12
2.11 mi
F
National Teachers Elementary Academy
Grades: PK-8
0.31 mi
B-
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 2016 Michigan Ave have ratings undefined, and undefined.
Neighborhood
This property is located in South Loop Near South Side, Chicago, IL 60616.
Seasonal Housing units 60616
8%of housing is for seasonal rent.
Daytime Population for 60616
+12%of people during work hours.
Boundary map of South Loop / Near South Side.
Crime Index for 60616
143
143
The crime index in 60616 is 143, which is 1.4 times higher than national average.
Market Trends
Historical market data near 2016 Michigan Ave over selected time period.
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